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Wednesday, June 20, 2007

More Bad News

The Maryland Racing Commission has approved a decrease in bonus payments made to breederss and owners from the Maryland-bred fund,

The fund, which last year paid out approximately $4 million in incentive bonuses, according to Cricket Goodall, executive director of the Maryland Horse Breeders Association, will have its bonuses cut from 13.5 percent to 10 percent for the breeder of an eligible race winner and 6.75 percent to 5 percent for the stallion owner. Payouts for winning owners will remain at 10 percent. The percentages are derived from the parimutuel betting pools of each race and paid out two weeks after a horse wins. [Washington Post]

The State Breeders fund in Maryland was not that great before the cuts. Now I don't know why anyone would breed to a Maryland stallion. The stallion quality in Pennsylvania and New Jersey is begining to look better than Maryland anyway.